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The Dogecoin price surged 5% in the last 24 hours to trade at $0.206 as of 01:50 a.m. EST on trading volume that jumped 33% to $2.96 billion.
Dogecoin experienced a surge of 20% in the past week, a jump attributed to a bullish market. Additionally, the upcoming Bitcoin halving, slated for mid-April, casts a positive light on alternative cryptocurrencies like $DOGE, with investors anticipating a repeat performance.
Dogecoin Price Ready To Push The Price Over The Bullish Pennant
The Dogecoin price has been on a tear in the last month, surging 46% in that time, which coincided with the entire cryptocurrency market. DOGE went through a markup phase, with the bulls adding to their positions, supported by the support zone at $0.08.
The surge saw DOGE record a high of $0.22, last seen in 2021, acting as the immediate resistance level.
DOGE then retraced back to the support level at $0.196, which saw the bulls remain resilient enough to push the price over the $0.20 level within the bullish pennant.
The inverse head-and-shoulders pattern, forming a neckline at $0.16, further supports DOGE’s potential to soar even higher.
DOGE is trading well above the 50-day and 200-day Simple Moving Averages (SMAs), confirming the token’s bullish prospects.
Additionally, the Relative Strength Index (RSI) is trading within the 50-midline level, suggesting that DOGE is in equilibrium with the potential for a breakout. If the bulls sustain the bullish stance, the RSI could soar to the 70-overbought region, indicating intense buying pressure.
Dogecoin Price Prediction
The Dogecoin price analysis shows the continuation of bullish momentum to the upside, with the bulls getting ready to push the price again toward the upper boundary of the bullish pennant.
Moreover, the 50-day SMA trades above the 200-day SMA, forming a golden cross at $0.80, which supports the bullish prospects of the price. DOGE’s leading indicators show some level of optimism for the price, with the bulls aiming at $0.25.
However, if the price crosses the critical support zone at $0.19, DOGE will negate the bullish outlook, which may drive the price down to $0.164.
Meanwhile, as the Dogecoin bulls prepare for another leg up, investors are also buying its alternative, Dogecoin20, as analysts believe the token may surge 1000X after launch.
Dogecoin20: The Best 1000X Alternative To Buy Now
Investors now have a last chance to buy Dogecoin20 (DOGE20) after the meme coin’s presale sold out. If interested, buy quickly before the token’s launch on major exchanges on April 20th.
DOGE20 functions within Ethereum’s Proof of Stake (PoS) blockchain, offering a more versatile and greener option compared to the previous Proof of Work (PoW) framework. Moreover, being an ERC-20 token, it allows holders to use native staking.
Operating as an upgraded version of Elon Musk’s favorite DOGE meme coin, analysts believe that the token might be set for more tremendous success than its predecessors, including Shiba Inu and even Dogecoin itself.
Buy Now Before Launch, Stake For 70% Annual Rewards
Unlike Dogecoin, the project offers an on-chain staking option for holders, allowing you to earn passively. You can stake $DOGE20 and earn an impressive annual percentage yield (APY) of 70%.
Dogecoin20 huh? 🤔 got my calendar scheduled for 4/20 💨 pic.twitter.com/7fLWbZeVjp
— CrudeBoys🃏 (@TheCrudeBoysNFT) March 29, 2024
There is already 15% of the total 140 billion tokens that the team has set aside for staking rewards, which are to be distributed over 2 years.
Jacob Bury, a renowned 99Bitcoin host, believes that Dogecoin20 is one of the cryptos that will soar 1000X on launch.
After the presale sold out, the development team extended the presale, offering interested investors the last chance to buy. Those investors who want to buy should act fast, as the extension might end at any moment.
You can acquire DOGE20 tokens for $0.00022 each through the official website to participate in the action. You can make payments using ETH, USDT, or a bank card.
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